Lonzim Share Discussion Threads

[addict] 24/1/2010 17:33

The company I have gone for is MWA,a unique pan African miner with huge representation in Zim,already on the up with much more to come-similar recovery story but bigger upside.DYOR

[david77] 24/1/2010 17:28

In the Sunday Times today, Money section, Peter Shearlock writes "I know ... but I'm backing Zimbabwe"

I can't find a link - but a few quotes

"The best source of information about what is happening there comes from South Africa's Imara Asset management. Its Zimbabwe fund (min investment $100,000, or about £62,000) publishes a monthly update that makes fascinating reading.

The volume of traffic on the roads around Harare, the capital, a good indicator of activity, has risen dramatically. Factories that were running at 5% capacity are buying new equipment to meet rising demand. Visa has returned and tourists can now withdraw cash at Barclays ATMs. Builders, painters, plumbers and repairmen are back in work.

In December, South Africa and Zim signed an agreement that guarantees investors the freedom to sell and repatriate any money they invest. It could be the signal for a flood of new investments.

There are a handful ok UK-listed companieswith an involvement in Zim but most have issues to resolve. Central African Gold has reopened its gold mines in the country but needsfunding. African Consolidated Resources is mired in a legal battled over the Marange diamond field, from which it was evicted four years ago.

The company I have gone for is Lonzim, 28% owned by Lonrho. Lonzim raised £29m two years ago @ £1/share. Its shares now trade as a thumping discount to net asset value. I paid 30p for a small holding. I am prepared to top it up if all goes well.

The market's wariness is understandable. Lonzim changed nominated advisers twice in the last year. The first time, Collins Stewart resigned because Lonzim had bought nearly £3m worth of Lonrho shares without making proper disclosures. Those shares have now been sold - thankfully at a profit.

Lonzim has built up a portfolio of holdings that span property, IT, telecoms and pharma importing. it has the local franchise for Lonrho's Fly540 airline and owns the Leopard Rock hotel. There is upside here if Zim does not slide back into anarchy."

Then he writes about other investments.

[tenapen] 24/1/2010 16:26

The "Obama effect" of a US president with African heritage and the 2010 World Cup are boosting tourism in Africa, industry experts say.

"There has been a shift in the way people look at Africa," says the head of the UN World Tourism Organisation.

Cont....

[tenapen] 24/1/2010 13:35

This will be the FOURTH time of asking without a reply,

If what you say is passed into law ! how will it effect Barclay & B.A.T for example.

[kvrr] 24/1/2010 11:18

With the return to economic growth in Zimbabwe, I would expect LZM's Net Asset Value to be rising every day, i.e. the value of its land and buildings. It will be interesting to see the lastest NAV figures in the Results.

[thanksamillion] 22/1/2010 12:43

Worth repeating.

--------------------------------------

LonZim Plans 5-star Hotel



Thursday, 21 January 2010 18:09

LONZIM, the investment company owned by Lonrho, would soon be building a
five-star hotel in the capital. Last year the company, whose portfolio
includes management of hotels in Zimbabwe and Mozambique, announced that it
would be running a five-star hotel in Harare. This led to speculations that
the group intended to buy either Rainbow Towers or Meikles hotels.
LonZim managing director, Geoff Goss, confirmed this week that they would
construct a five-star hotel.
"We have identified a piece of land on which we can build a five-star hotel
complex," said Goss. "We are not currently negotiating to acquire any
existing hotel properties in Harare."
Apart from the anticipated development, LonZim also runs Leopard Rock Hotel
near Mutare.
Goss said Leopard Rock has been doing well since it was taken over by the
investment company.
"Leopard Rock is an internationally sought after destination," added Goss.
"Our management contract with Lonrho Hotels is proving to be a very
successful formula. Occupancy rates and revenues are climbing steadily."
LonZim also plans to fly the local skies with a low budget domestic airline.
Another airline, Fly Kumba, last year failed to take off amid reports that
it intended to ply routes which were already serviced by Air Zimbabwe.
Goss said the Civil Aviation Authority of Zimbabwe (CAAZ) would allow them
to fly if they complied with stipulated regulations.
"Lonzim has three suitable passenger and cargo aircraft allocated to the
business unit. CAAZ has an open skies policy and as long as we comply with
their requirements, we are confident that we will be able to successfully
traverse our desired routes," Goss said.
While other players in the airline business were struggling, Goss said,
LonZim would take the advantage of being a "low cost to operate" airline
without any of the legacy issues other airlines are encumbered with.
LonZim is listed on the London Stock Exchange's AIM (an international market
for smaller growing companies) and it was formed primarily for long-term
active investment to build a portfolio of investments in Zimbabwe. When it
was formed four years ago, LonZim said they would look into investments in
the tourism, accommodation, infrastructure, transport, commercial and
residential property, technology, communications, manufacturing, retail,
services, leisure, agricultural and natural resources sectors.
Its profile has been built around these areas.
Their aim is to reap the benefits which are likely to come with the warming
of the economy which had stuttered for close to a decade.
Apart from focusing on Zimbabwe, other LonZim operations
are in Mozambique's Beira Corridor. This is the link between Zimbabwe and
the Mozambican coast.

Leonard Makombe

[kvrr] 22/1/2010 11:01

Looking good.

[tenapen] 22/1/2010 08:41

The same old story ! but as i wait for the results its a story i like reading.

--------------------------------------

LonZim Plans 5-star Hotel



Thursday, 21 January 2010 18:09

LONZIM, the investment company owned by Lonrho, would soon be building a
five-star hotel in the capital. Last year the company, whose portfolio
includes management of hotels in Zimbabwe and Mozambique, announced that it
would be running a five-star hotel in Harare. This led to speculations that
the group intended to buy either Rainbow Towers or Meikles hotels.
LonZim managing director, Geoff Goss, confirmed this week that they would
construct a five-star hotel.
"We have identified a piece of land on which we can build a five-star hotel
complex," said Goss. "We are not currently negotiating to acquire any
existing hotel properties in Harare."
Apart from the anticipated development, LonZim also runs Leopard Rock Hotel
near Mutare.
Goss said Leopard Rock has been doing well since it was taken over by the
investment company.
"Leopard Rock is an internationally sought after destination," added Goss.
"Our management contract with Lonrho Hotels is proving to be a very
successful formula. Occupancy rates and revenues are climbing steadily."
LonZim also plans to fly the local skies with a low budget domestic airline.
Another airline, Fly Kumba, last year failed to take off amid reports that
it intended to ply routes which were already serviced by Air Zimbabwe.
Goss said the Civil Aviation Authority of Zimbabwe (CAAZ) would allow them
to fly if they complied with stipulated regulations.
"Lonzim has three suitable passenger and cargo aircraft allocated to the
business unit. CAAZ has an open skies policy and as long as we comply with
their requirements, we are confident that we will be able to successfully
traverse our desired routes," Goss said.
While other players in the airline business were struggling, Goss said,
LonZim would take the advantage of being a "low cost to operate" airline
without any of the legacy issues other airlines are encumbered with.
LonZim is listed on the London Stock Exchange's AIM (an international market
for smaller growing companies) and it was formed primarily for long-term
active investment to build a portfolio of investments in Zimbabwe. When it
was formed four years ago, LonZim said they would look into investments in
the tourism, accommodation, infrastructure, transport, commercial and
residential property, technology, communications, manufacturing, retail,
services, leisure, agricultural and natural resources sectors.
Its profile has been built around these areas.
Their aim is to reap the benefits which are likely to come with the warming
of the economy which had stuttered for close to a decade.
Apart from focusing on Zimbabwe, other LonZim operations
are in Mozambique's Beira Corridor. This is the link between Zimbabwe and
the Mozambican coast.

Leonard Makombe

[thanksamillion] 21/1/2010 15:57

160k buy just gone through

[tenapen] 13/1/2010 18:04

A six month time gap is shocking, IMO. LZM is just a piddly little company so thank goodnes these people do not work for Tesco or BP, LOL.

[thanksamillion] 13/1/2010 10:36

My previous suggestion of when results might be due seems to be incorrect.

From RNS 7 Jan 2009

LonZim announces that the Company's accounting reference date has been changed from 30 November to 31 August. Accordingly the Company will publish its financial statements for the 10 month period ending 31August 2008 on or before 28 February 2009.

The later share suspension due to the Lonrho transactions then delayed publication until 6th March.

So, late Feb looks reasonable.

[tenapen] 12/1/2010 17:29

Celsys up on the above news.



LZM need to release their IMO, long over due results.
How long does it take to add up how much money they have spent this year.

[tenapen] 11/1/2010 14:23

Celsys targets US$5 million turnover

TECHNOLOGY firm, Celsys Limited has reported a significant jump in its first quarter trading performance, with revenues increasing to US$650 000 for the three months to November 30 alone.

This compares favourably with the US$710 000 overall turn-over the group recorded over the 14-month period to August 2009.

The improved performance leaves the company, which is listed on the Zimbabwe Stock Exchange, on track to achieving projected revenues of US$5 million by the end of the 2009/10 financial year.

Celsys is majority-owned by LonZim Plc, a regional investment group which is primarily focussed on opportunities in Zimbabwe.

The company has three main operating divisions; Celsys Comms which is involved in the management of virtual mobile phone networks and hand-sets retailing, Celsys IT and Celsys Print, the country's largest commercial security printer.

Management says continuing improvements to the country's economy has seen its parent company, LonZim providing lines of credit and working capital support. "(LonZim's support has left the company) in a strong position to rapidly gain market share as the Zimbabwe economy recovers.

"The process of "re-inventing" the company is ongoing and there are numerous initiatives in place that will be an important part of returning the business to profitability and delivering strong growth," Celsys said in its quarterly update.

Meanwhile LonZim's other interests in Zimbabwe include the Leopard Rock Hotel and Casino complex in Vumba, which was acquired for about US$8 million. A renovation programme expected to cost up to US$1.7million is planned and will see room capacity increase to150 from the current 49. LonZim is also introducing its airline Fly540 in Zimbabwe to cover domestic and regional routes.

Source: newzimbabwe.com

[boonboon] 09/1/2010 12:27

LonZim close to deal for Zim five-star hotel
Friday, 08 January 2010 15:21 .Dumisani Ndlela, Property Reporter

ZIMBABWE-focused investment group LonZim is within the cusp of acquiring land for the construction of a five star hotel in Harare to complement the group's current hotel portfolio, The Financial Gazette can report.

Reports had suggested the AIM-listed company was planning to acquire a five star hotel in the capital, creating a poser among investors as there are only two five start hotels in the capital - Meikles Hotels and the Rainbow Towers Hotel. Both were distantly targets of any meaningful takeover arrangement.
Crowne Plaza Monomotapa is a five star hotel.
In any interview with The Financial Gazette, Geoff Goss, the country manager for LonZim, said the company was not pursuing the acquisition of a five star hotel as reported by local newspapers.
Instead, a LonZim announcement from which the suggestion had been made related to the acquisition of a land holding for the purposes of constructing a five star hotel, Goss said.
"We have completed the deal on the (acquisition of the) key piece of land. It's towards the Borrowdale area," said Goss.
He said they were currently doing a due diligence on the land to verify that it was legitimately owned before the acquisition can be consummated.
It is anticipated that LonZim, which recently availed nearly US$2 million to prop up local operations, could raise cash for the hotel construction from offshore investors who have recently shown an appetite for Zimbabwe investment, seen as holding great potential should the country turn the corner and progress on a trajectory of sustainable growth after a decade-old economic and political crisis.
LonZim, whose major shareholder is Lonrho, was established as a long term active investment company, with the intention of building a portfolio of investments primarily in Zimbabwe, which said the company, "may benefit from any radical future improvement of the Zimbabwean economy over the longer term".
Its investment objective is to provide shareholders with long term capital appreciation through the investment of its capital primarily in Zimbabwe and the region of Mozambique known as the Beira corridor, which links Zimbabwe to the coast.
"While the company will not have a particular sectoral focus, utilising the investment skills of the drectors and their advisors, the company will seek to identify individual companies in sectors best positioned to benefit should there be radical improvements in Zimbabwe's economy. The company may make investments in the tourism, accommodation, infrastructure, transport, commercial and residential property, technology, communications, manufacturing, retail, services, leisure, agricultural and natural resources sectors," LonZim says on its website.
Its investments in Zimbabwe include Celsys, with printing and telecommunication portfolios; Leopard Rock Hotel, Paynet, which operates an Electronic Funds Transfer system that automates the process of companies transmitting bulk payment instructions to their financial institutions; and Millpal Chemicals, a supplier of chemicals to Zimbabwe's industries for over 20 years.
LonZim has entered into an agreement to establish a new company which will import, wholesale and distribute pharmaceutical products in Zimbabwe and is to commence operations for a Fly540 airline based in Zimbabwe to service both the domestic and regional markets and emerging local and connecting traffic.
Its Mozambique's investment vehicle, ATdeM owns the historic Don Carlos and the Estoril hotel sites on a 300 000 m² plot of land, including 1,5 km of beach front, in central Beira on the Mozambique coast.
LonZim plans to develop a luxury hotel on the site with conference facilities, a training centre, retail mall, offices and logistics units.

[insails] 07/1/2010 11:35

Foreign investors allowed to keep 100% shareholding in Zimbabwe

[tenapen] 06/1/2010 19:51

On ITV now 'Lion Country' That will be a boost for tourism !.

[thanksamillion] 05/1/2010 14:40

Alas, the lead story highlights that 2010 is probably showdown time. As expected, but it does emphasise the bumpy road ahead.

[tenapen] 05/1/2010 13:17

Emerging US interest in Zim opportunities– Imara



03/01/2010

ANALYSTS say there is renewed global interest in Zimbabwe with investors,
particularly from the United States, beginning to look at emerging
opportunities in the recovering Southern African country.
Cont...

[tenapen] 03/1/2010 21:09

Monday, December 21, 2009
Christmas holidays can often be a scary ride
Rushing headlong into the traditional Christmas holidays can often be a scary ride. For Celsys, the roller coaster of our share price continues but the light is now clear at the end of the tunnel.

The Year-End results have come and gone, and the cold hard truth of operating in a dollarised economy has become apparent. Expenses are high, margins are thin and revenues are hard to find in a severely diminished market. The good news however is that we have capped opex, every month our revenues increase, every month our margins are being prised open, and we have continued to invest significantly in quality equipment to ensure our operations can compete.

Two weeks ago we commissioned four additional printing presses at Celsys print, including our first four colour press. We also expect to receive a new automated book binding machine next week, and our finishing and packing machines have been refurbished.

Our first 200 POS devices are on hand, our next ten new Diebold ATMs are on their way, and the first of our new Adondo Payphones and Timpa EVD devices have been received.

Even with the increased capacity at Print, the levels of work in progress are unprecedented, and the imminent re-introduction of our payphones has also meant that we won't be shutting down over Christmas for anything other than the Public holidays. We will be hitting the ground running as we enter 2010!

So, while you relax over your Holiday Season festivities and contemplate the world in the next decade, rest assured that we are working day and night to protect and enhance your investment in Celsys.

Stay safe and keep in touch.

Geoff

[david77] 31/12/2009 11:34

"Thanksamillion - 30 Dec'09 - 15:58 - 579 of 582

RNS today - nice GBP 0.5m (100%) profit on Last of our Lonrho shares.
...

tenapen - 31 Dec'09 - 10:39 - 580 of 582

Akin to the UK selling its gold reserves at a low 15yrs ago IMO. LONR flying now."

I thought that they shouldn't have bought them in the first place. LonZim was set up to invest in Zimbabwe and nearby, not to help out Lonrho when Lonrho needed the money.

Obviously, as an indirect LonZim shareholder, I am pleased that it has turned out ok.

[tenapen] 31/12/2009 11:25

FOR the Second time of asking;

tenapen - 10 Dec'09 - 14:48 - 562 of 581 edit

To Quote "Makes it impossible to invest in Lonzim."

Thanks for looking after us and spending the time researching LZM on our behalf. Please explain the impact on B.A.T and Barclays Bank Zimbabwe if this political speel gets adopted.

[kvrr] 31/12/2009 11:10

Zimbabwe on the growth curve again. Expecting strong growth in revenues and NAV with each set of Results from LZM.

[tenapen] 31/12/2009 10:39

Akin to the UK selling its gold reserves at a low 15yrs ago IMO. LONR flying now.

For a small company like LZM a got to say its poor of them that they do not reply or even acknowledge an Email from its shareholders.

[thanksamillion] 30/12/2009 15:58

RNS today - nice GBP 0.5m (100%) profit on Last of our Lonrho shares.

I know the RNS says it is to be used as working capital, but that will release capital previously assigned as "Working" for the next purchase....watch this space.

[tenapen] 26/12/2009 10:58

Tsvangirai's Christmas Message



25th Dec 2009 17:13 GMT

By Morgan Tsvangirai

My fellow Zimbabweans,

As 2009 draws to a close, we can all be proud of what we have achieved
during the past year and excited by the future that lies ahead of us.

As a nation, we still have a long road to travel before you, the people,
have access to the jobs, healthcare, education and security that you
deserve.

Cont....

I thank you for your support in 2009 and look forward to working with you in
2010 to build the Zimbabwe that we all demand and deserve.

I wish you all a Merry Christmas and a Prosperous New Year.